Donating appreciated securities doubles tax benefit, Kitces says

12/19/2013 | Nerd's Eye View blog

Completing a qualified charitable distribution directly from an IRA is one strategy for year-end donations, but it may not offer the most bang for your charitable buck, according to financial blogger Michael Kitces. While qualified charitable distributions allow taxpayers to satisfy required minimum distribution obligations without the tax bite, Kitces writes that donating appreciating securities can provide a double tax benefit by providing a tax-free contribution and avoiding tax on associated capital gains.

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